Greenville is committed to providing strong support for new businesses and current employers who wish to expand their facility and train a knowledgeable workforce. Businesses locating in Greenville's Industrial and Business Parks may be eligible for substantial assistance programs provided through local and state incentive programs. Additionally, Illinois is known for favorable tax treatment of equipment and machinery and does not have an inventory tax.

Greenville Enterprise Zone Incentives

•		100 percent property tax abatement on assessed value of improvements for up to seven years
•		6 1/4 percent sales tax exemption on building materials used for new construction
•		1 percent state income tax investment credit for machinery, equipment and buildings, $500 jobs tax credit for each eligible employee
•		Low interest financing programs, employee training, and financial assistance
•		One-stop building and zoning permit processing
•		Maximum development assistance by qualified staff

Additional incentives for projects creating a minimum of 200 jobs

•		5 percent state sales tax exemption on personal property used or consumed within the enterprise zone
•		5 percent utility tax exemption on natural gas, electricity and messages
•		5 percent state sales tax exemption on personal property used or consumed in the operation of pollution control facilities
•		Deduction from state income tax on dividends paid by firms in the zone

Enterprise Zones
Enterprise Zones are among Illinois’ most important tools to stimulate economic growth and neighborhood revitalization.  The Enterprise Zone program depends upon a creative partnership between state and local government, businesses, labor and community groups to encourage economic growth in the areas designated as Enterprise Zones. Although the program is administered at the state level by the Department of Commerce and Economic Opportunity (DCEO), its ultimate success depends on the level of local commitment.

There are currently 94 Enterprise Zones in Illinois, the maximum number that may be designated according to Illinois law. All offer the same mix of state incentives designed to encourage companies to locate or expand within a zone. In addition, each zone offers distinctive local incentives to enhance business or neighborhood development efforts. Such local incentives include abatement of property taxes on new improvements, homesteading and shopsteading programs, waiver of business licensing and permit fees, streamlined business codes and zoning requirements, and special local financing programs and resources.

State Incentives

Sales Tax Exemption:		A 6.25 percent state sales tax exemption is permitted on building materials to be used in an Enterprise Zone. Materials must be permanently affixed to the property and must be purchased locally.
Enterprise Zone Machinery and Equipment Consumables/Pollution Control Facilities Sales Tax Exemption:		A 6.25 percent state sales tax exemption on purchases of tangible personal property to be used in the manufacturing or assembly process or in the operation of a pollution control facility within an Enterprise Zone is available. Eligibility is based on a business making an investment on an Enterprise Zone of at least $5 million that creates a minimum of 200 full-time-equivalent jobs, a business investing at least $40 million in a zone and retaining at least 2,000 jobs, or a business investing at least $40 million in a zone which causes the retention of at least 90 percent of the jobs existing on the date it is certified to receive the exemption.
Enterprise Zone Utility Tax Exemption:		A state utility tax exemption on gas, electricity and the Illinois Commerce Commission's administrative charge is available to businesses located in Enterprise Zones. Eligible businesses must make an investment of at least $5 million that creates a minimum of 200 full-time-equivalent jobs in Illinois, or an investment of $20 million that retains at least 1,000 full-time-equivalent jobs in Illinois. The majority of the jobs created must be located in the Enterprise Zone where the investment occurs.
Enterprise Zone Investment Tax Credit:		A state investment tax credit of 0.5 percent is allowed to a taxpayer who invests in qualified property in a Zone. Qualified property includes machinery, equipment and buildings. The credit may be carried forward for up to five years. This credit is in addition to the regular 0.5 percent investment tax credit, which is available throughout the state, and up to 0.5 percent credit for increased employment over the previous year.
Dividend Income Deduction:		Individuals, corporations, trusts and estates are not taxed on dividend income from corporations doing substantially all their business in an Enterprise Zone.
Jobs Tax Credit:		The Enterprise Zone Jobs Tax Credit allows a business a $500 credit on Illinois income taxes for each job created in the Zone for which a certified eligible worker is hired. The credit may be carried forward for up to five years. A minimum of five workers must be hired to qualify for the credit. The credit is effective for people hired on or after January 1, 1986.
Interest Deduction:		Financial institutions are not taxed on the interest received on loans for development within an Enterprise Zone.
Contribution Deduction:		Businesses may deduct double the value of a cash or in-kind contribution to an approved project of a designated Zone organization from taxable income.

Learn More, Visit

Home | City Departments | City Council | Business and Industry | Transportation Workforce Analysis | Education | Parks & Recreation | Chamber of Commerce Elected Officials | Links | Contact Us